nisiprius wrote:
Furthermore, from August 2011 through today, the plot of the Dow obviously resembles the clarinet trill and upward glissando that open Gershwin's Rhapsody in Blue. I hardly need tell you what comes next.

Furthermore, the Dow closed at 12,715.93. Add the digits and you get 28. The divisors of 28 are 1, 2, 4, 7, and 14. Add those divisors and you get... 28! How often does that happen?

Couldn't agree more. If you look carefully, you may also notice the dreaded "Cracked-Open Head with Lopsided Shoulders" formation which invariably indicates imminent market fluctuation.

Any trader worth his salt should also not miss the Empire State Building formation sitting right in the middle. It's arrival was foretold at the very dawn of Capitalism by no less than Eve Smith herself who declared that the exchange would eventually become self-aware and start communicating with us. Clearly the market is telling us that he/she realizes that he/she is in New York.

Bonus points for those who can also see the famous Sign of the Wiggle. It's sitting there plain as day just waiting to discovered and used in trading strategies by those who are sufficiently perspicacious.

dave66 wrote:I would be interested to know how many people who believe a few days of market activity, indicate the overall trend of the market... also believe a few hot summer days indicate global warming is guaranteed to doom us all.

Why not?

My aunt (age 95) believes that opening an umbrella indoors portends bad news. As does spilling salt, or placing a pair of shoes on the bed. Given her age, it is clear she has been very careful about such things.

nisiprius wrote:Furthermore, from August 2011 through today, the plot of the Dow obviously resembles the clarinet trill and upward glissando that open Gershwin's Rhapsody in Blue. I hardly need tell you what comes next.

umfundi wrote:My aunt (age 95) believes that opening an umbrella indoors portends bad news. As does spilling salt, or placing a pair of shoes on the bed.

Shoes on the bed? Oh, please, tell us more. I didn't know that.

I do remember that when we got married, one of the things we really needed was a good set of kitchen knives, but were told that we couldn't ask for them because it's bad luck ever to give a knife as a gift.

Uh-oh! Never heard of that either. I habitually put my shoes on the bed getting dressed every morning. Sorry for all the market trouble I must be causing but I doubt I have the will power to change such an ingrained habit. Could you ask your aunt if throwing them over my shoulder onto the bed would work like it does with salt?

On a positive note, I put in a grandkid's 529 contribution this morning because yesterday was a RBD. That usually makes the market bounce right back since it takes at least 2 business days to execute.
JW

Last edited by JW-Retired on Wed Apr 11, 2012 8:10 pm, edited 2 times in total.

umfundi wrote:My aunt (age 95) believes that opening an umbrella indoors portends bad news. As does spilling salt, or placing a pair of shoes on the bed.

Shoes on the bed? Oh, please, tell us more. I didn't know that.

I do remember that when we got married, one of the things we really needed was a good set of kitchen knives, but were told that we couldn't ask for them because it's bad luck ever to give a knife as a gift.

Boy, it doesn't take much to stir up this thread these days. Must be a whole bunch of nervousness out there about whether the equity risk premium will be coming to the party. What's a party without the ERP?

"Life can only be understood backward; but it must be lived forward." ~ Søren Kierkegaard |
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"You can't connect the dots looking forward; but only by looking backwards." ~ Steve Jobs

Where do you get that figure? I'm trying to decide whether to buy more of TRP New Asia (China/India/Korea/...) or Latin America funds, while they're priced low. I need to estimate a day in advance when to buy, since they're mutual funds. (I know about the major country indexes, but it would be useful also to have a current estimate for "foreign stocks".)

Where do you get that figure? I'm trying to decide whether to buy more of TRP New Asia (China/India/Korea/...) or Latin America funds, while they're priced low. I need to estimate a day in advance when to buy, since they're mutual funds. (I know about the major country indexes, but it would be useful also to have a current estimate for "foreign stocks".)

There are plenty of ETFs, I just picked a rough average. Here are a number to get you started:

Today was an RBD for VWO unless perhaps it went ex-Dividend like EEM did today. Same for DGS, but surprisingly not for EWX.

I don't think VWO was one of Vanguard's ETFs throwing off a dividend this quarter. That said, I bought VWO in my Roth this morning... around 10 am while it was down around a point and not even close to RBD territory. The early bird does not always catch the worm.

Bongleur wrote:Can we have a thread titled "Official Really Bad Day Alert?"

I think you have to subscribe to livesoft's newsletter for real time alerts . Otherwise, he'll tell you a week later if/when the market has recovered thereby validating the premise... it's hard to tell the True RBDs from the fake ones, after all.

(1) You're not including dividends
(2) I didn't save all my money in a jar from 1990-2000, then put all my money in the S&P 500 in 2000, and then walk away. The stock market has made me a ton of money over this "lost decade" and the decade before.